Aigen Investment Management LP purchased a new stake in shares of Crane NXT, Co. (NYSE:CXT - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 5,225 shares of the company's stock, valued at approximately $304,000.
A number of other large investors also recently modified their holdings of CXT. Stifel Financial Corp increased its stake in Crane NXT by 60.6% during the 3rd quarter. Stifel Financial Corp now owns 43,627 shares of the company's stock valued at $2,448,000 after buying an additional 16,465 shares during the period. Park Avenue Securities LLC bought a new position in shares of Crane NXT in the fourth quarter valued at approximately $527,000. Barclays PLC increased its stake in shares of Crane NXT by 45.3% during the third quarter. Barclays PLC now owns 37,663 shares of the company's stock valued at $2,113,000 after acquiring an additional 11,734 shares during the period. Lord Abbett & CO. LLC raised its holdings in Crane NXT by 12.3% during the third quarter. Lord Abbett & CO. LLC now owns 396,152 shares of the company's stock worth $22,224,000 after purchasing an additional 43,439 shares in the last quarter. Finally, FORA Capital LLC acquired a new stake in Crane NXT in the third quarter worth approximately $507,000. 77.49% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
CXT has been the topic of several research analyst reports. Northland Capmk cut Crane NXT from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, February 18th. Northland Securities lowered Crane NXT from an "outperform" rating to a "market perform" rating and set a $72.00 target price on the stock. in a report on Tuesday, February 18th. Two analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $83.33.
Get Our Latest Stock Analysis on Crane NXT
Crane NXT Price Performance
Crane NXT stock traded down $0.32 during mid-day trading on Wednesday, hitting $52.96. The company's stock had a trading volume of 351,940 shares, compared to its average volume of 457,859. Crane NXT, Co. has a twelve month low of $52.89 and a twelve month high of $67.00. The stock's fifty day moving average price is $60.29 and its two-hundred day moving average price is $58.47. The stock has a market capitalization of $3.03 billion, a P/E ratio of 16.60 and a beta of 1.32. The company has a quick ratio of 0.88, a current ratio of 1.14 and a debt-to-equity ratio of 0.51.
Crane NXT (NYSE:CXT - Get Free Report) last issued its earnings results on Wednesday, February 12th. The company reported $1.20 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.19 by $0.01. Crane NXT had a return on equity of 24.08% and a net margin of 12.38%. Research analysts forecast that Crane NXT, Co. will post 4.16 earnings per share for the current year.
Crane NXT Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 12th. Investors of record on Friday, February 28th will be given a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 1.28%. The ex-dividend date of this dividend is Friday, February 28th. This is an increase from Crane NXT's previous quarterly dividend of $0.16. Crane NXT's dividend payout ratio is 21.32%.
Crane NXT Company Profile
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Free Report)
Crane NXT, Co operates as an industrial technology company that provides technology solutions to secure, detect, and authenticate customers' important assets. The company operates through Crane Payment Innovations and Crane Currency segments. The Crane Payment Innovations segment offers electronic equipment and associated software, as well as advanced automation solutions, processing systems, field service solutions, remote diagnostics, and productivity software solutions.
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